Authority: National Company Law Appellate Tribunal Principal Bench, New Delhi
Order Date: 27 July 2026
Case Overview
The National Company Law Appellate Tribunal (NCLAT) heard two connected appeals between Saivi Finance Pvt. Ltd. and AKJ Metals Pvt. Ltd. The first appeal, Comp. App. (AT) (Ins) No. 306 of 2025, was filed by Saivi Finance Pvt. Ltd. as appellant against AKJ Metals Pvt. Ltd. & Anr. as respondents. The second appeal, Comp. App. (AT) (Ins) No. 484 of 2025, was filed by AKJ Metals Pvt. Ltd. as appellant against Saivi Finance Pvt. Ltd. as respondent. Both appeals were heard together with I.A. No. 1838 of 2025. The matter was presented before a bench comprising Justice Mohammad Faiz Alam Khan (Member-Judicial) and Naresh Salecha (Member-Technical). Legal representation included Ms. Swastika Kumari advocating for Respondent-1 in the first appeal and for the appellant in the second appeal, while Ms. Nishi Chaudhary and Mr. Mayuresh Rishabh represented the applicant in connected matters.
Final Outcome
The NCLAT bench adjourned both appeals due to time constraints and listed them for next hearing on August 25, 2026. The order was passed in hybrid mode, indicating both physical and virtual hearing options.
Topics: NCLAT Proceedings, Corporate Litigation, Adjournment